GWM Advisors LLC Sells 80,060 Shares of Invesco DWA Momentum ETF (PDP)

GWM Advisors LLC cut its holdings in Invesco DWA Momentum ETF (NASDAQ:PDP) by 40.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,475 shares of the company’s stock after selling 80,060 shares during the period. Invesco DWA Momentum ETF makes up 1.8% of GWM Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. GWM Advisors LLC’s holdings in Invesco DWA Momentum ETF were worth $2,454,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Barber Financial Group Inc. acquired a new position in Invesco DWA Momentum ETF in the fourth quarter worth about $12,939,000. Raymond James Trust N.A. increased its holdings in shares of Invesco DWA Momentum ETF by 24.0% during the fourth quarter. Raymond James Trust N.A. now owns 14,223 shares of the company’s stock worth $689,000 after buying an additional 2,755 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Invesco DWA Momentum ETF by 22.2% during the fourth quarter. Raymond James & Associates now owns 1,019,101 shares of the company’s stock worth $49,395,000 after buying an additional 185,327 shares in the last quarter. CWM LLC increased its holdings in shares of Invesco DWA Momentum ETF by 11.7% during the first quarter. CWM LLC now owns 694,341 shares of the company’s stock worth $39,355,000 after buying an additional 72,605 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in shares of Invesco DWA Momentum ETF by 41.2% during the fourth quarter. NEXT Financial Group Inc now owns 5,028 shares of the company’s stock worth $244,000 after buying an additional 1,468 shares in the last quarter.

Shares of NASDAQ PDP traded down $0.54 during mid-day trading on Thursday, hitting $57.39. 20,240 shares of the stock were exchanged, compared to its average volume of 139,672. Invesco DWA Momentum ETF has a twelve month low of $45.25 and a twelve month high of $60.23.

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About Invesco DWA Momentum ETF

PowerShares DWA Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Technical Leaders Index (the Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in securities that consists of the Index and American Depositary Receipts (ADRs) based on the securities in the Index.

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Institutional Ownership by Quarter for Invesco DWA Momentum ETF (NASDAQ:PDP)

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